Welcome back to another engaging episode of Taktiful Tuesdays! In this installment, host Eric Vessels sits down with his longtime friend Frank Mallozzi, the President of Konica Minolta’s Industrial Print and Production (IPP) Group. This conversation takes you on a journey through Frank’s unexpected return to the industry and his mission to drive innovation in the world of industrial printing.
After a successful 25-year career at EFI, where he last served as the Chief Revenue Officer, Frank contemplated retirement. However, a call from Sam Errigo, CEO of Konica Minolta, changed his plans. Intrigued by the opportunities within Konica Minolta’s IPP Group, Frank felt the familiar spark of passion reignite. He couldn’t resist the challenge to lead a division focused on groundbreaking technologies in the printing industry.
Frank shares insights into the three key segments that the IPP Group is concentrating on:
1. B2 Inkjet Technology: Exploring advancements in the shift from analog to digital printing, and how Konica Minolta is at the forefront of this transition.
2. Electrophotographic Label Printing: Discussing their significant market share in this area and the introduction of new products that enhance quality and efficiency.
3. Digital Embellishment: Delving into what Frank refers to as the “crown jewel” of their offerings, emphasizing its potential to revolutionize how businesses add value to print materials.
Throughout their discussion, Eric and Frank address the challenges that come with introducing new technologies to the market. They emphasize the importance of educating customers, not just about the products themselves but about how these innovations can create new revenue streams and differentiate them in a competitive landscape. Frank underscores that success in this arena isn’t about competing on price but about offering unique value that customers can’t find elsewhere.
The conversation also highlights the potential partnership between Taktiful and Konica Minolta. Both Eric and Frank express excitement about collaborating to provide education, training, and software solutions aimed at simplifying the adoption of digital embellishment technologies. They believe that by combining their strengths, they can make a significant impact on the industry and help customers overcome common hurdles.
In a more personal segment, Frank opens up about the lessons he’s learned over his extensive career. He speaks passionately about the power of networking, the importance of execution over mere strategizing, and the value of leading by example. Frank recounts his own experiences, such as becoming the youngest director at Ricoh Corporation and recently completing his MBA after 35 years—a testament to his belief in lifelong learning and five-year planning.
Eric and Frank wrap up their conversation by reflecting on the significance of relationships in business. They note how their professional paths have crossed over the years and how maintaining strong connections has been beneficial both personally and professionally. Their story serves as an inspiring example of how networking and mutual support can lead to exciting opportunities and collaborations.
Don’t miss this insightful and heartfelt episode that not only explores the future of industrial printing but also offers valuable leadership lessons and career advice. Whether you’re a seasoned professional or new to the industry, there’s something in this conversation for everyone.
